Better Lifetime Income Options for Retirement Security: How Do We Get There?

Dirksen Senate Office Building, Room 430
Washington, D.C.

October 2012 |

On Oct. 10, 2012, the TIAA-CREF Institute, together with the AARP Public Policy Institute and Urban Institute, co-hosted a research symposium in Washington, D.C. entitled Better Lifetime Income Options for Retirement Security: How Do We Get There? With presentations by some of the nation’s foremost experts, this unique event took a fresh look at ways to promote greater financial security in retirement.

Presentations included:
• Explaining Household Demand for Annuities
• Prospects for Future Generations of Retirees: Looking at Alternative Options
• Trends in Retirement Income Distribution Choices by TIAA-CREF Participants: 2006 – 2011
• Income Prospects for Coming Generations of Retirees
• Preserving Lifetime Income: Considering Annuities
• Valuing the Value of Annuities: Perception and Behavior
• What Makes Annuitization More Appealing?

Presenters and panelists included:
Stephanie Bell-Rose,
Senior Managing Director, TIAA-CREF, and Head of the TIAA-CREF Institute
David John, Senior Research Fellow, The Heritage Foundation, and Deputy Director, the Retirement Security Project, The Brookings Institution
Richard Johnson, Senior Fellow, Director of the Program on Retirement Policy, Urban Institute
Sandy MacKenzie, Senior Strategic Policy Adviser, AARP Public Policy Institute
James Poterba, Mitsui Professor of Economics, MIT and CREF Trustee
Anna Rappaport, Anna Rappaport Consulting
Susan Reinhard, AARP Senior Vice President, and Director, AARP Public Policy Institute
David Richardson, Senior Economist, TIAA-CREF Institute
Eugene Steuerle, Richard B. Fisher Chair and Institute Fellow, Urban Institute
Lina Walker, Director, Health Team, AARP Public Policy Institute
Stephen Zeldes, Benjamin M. Rosen Professor of Economics and Finance, Columbia University and TIAA-CREF Institute Fellow

Conference materials available for download:

Program Agenda (PDF)

Presenter Biographies (PDF)

Presentation Summaries (PDF)

Program Report (PDF)

Presentation Slides:
Income Prospects for Coming Generations of Retirees (PDF)
A Survey of Distribution Choices and the Results of an Experiment (PDF)
Understanding Household Demand for Annuities: A Puzzle? (PDF)
Prospects for Future Generations of Retirees: Discussion of Papers and Related Research  (PDF)
Trends in Annuity Choices by TIAA-CREF Participants (PDF)
What Makes Annuitization More Appealing? (PDF)

Research Papers:
What Makes Annuitization More Appealing? (PDF)
The Composition and Drawdown of Wealth in Retirement (PDF)
Urban Institute Brief #34: Boomers’ Retirement Income Prospects (PDF)
Older Americans’ Ambivalence Toward Annuities (PDF)
Do Default and Longevity Annuities Improve Annuity Take-Up Rates? (PDF)

© 2013 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017